Tag: Indian ferro molybdenum prices decline
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India: Ferro molybdenum tags decline to 4-month low, tracking global, LME price drops
LME molybdenum futures hit 3-month low Indian stainless steel market remains soft Indian ferro molybdenum prices declined by INR 165,000/tonne (t) ($1,863/t) as compared to the previous assessment on 5 November. Prices slipped w-o-w, as subdued end-user demand and declining global rates weighed on the market. As per BigMint’s assessment on 12 November, ferro molybdenum…